alra7ma-akhawat.com

تحليلات الاسبوع- Elliott waves for Forex correlation analysis – Deutsche Bank Bullish pin bar

DeutscheBk weekly review

Technical Observation:

During the previous, the price of this share opened at 18.84, went as low as 18.43 and a high as 19.08  but ended up closing at 18.96. The previous week’s candle is a perfect bullish pin bar candle and signal a possible increase in the number of buyer in this market. Having said that, We expect a possible bullish price rally towards 20.98 and could break even higher with the next target at 25.93. The anticipated bullish price rally is merely the continuation of the impulsive wave (i) to the upper side  and should break above 20.98. Should this be the case, then we will be continuing long with the next impulsive wave (iii) towards 25.93.  

Trade Recommendations:

Buy the shares of this bank now, with your first take profit at 20.98 and the next target at 25.93.

SPX500 weekly review

Technical Observation:

During the previous trading week on Friday, this index opened at 2645.6, went as high as 2652.1 and as low as 2606.4 but ended up closing at 2642.9, just a few pips above its opening price. Th Friday’s candle is a perfect bullish pin bar candle and indicates that buyers are still in control in this market. Thus, during this week and even in the coming week, we expect a possible bullish price rally towards 2705.00 and could break even higher but should not go beyond 3000.00. This index has a strange positive correlation to Bitcoin. These two have been in constant up trend and chances of continuing to the upper side are highly anticipated. Thus, remain long on both.

Trade Recommendations:

Remain long with your target at 3000.00.

 Bitcoin Weekly review:

Technical Observation:

For the past ten years now, we’ve seen Bitcoin rise in value from  mere 7 dollars to over 10,000.00 US Dollars per Bitcoin. For sometimes to come now, this cryptocurrency could continue to rise in value and may reach up to 20,000 per bitcoin in 2020. Technically, we expect the impulsive wave (5) to spike even higher during the coming week and even during the coming weeks. Any correction to the lower side before a buy position is considered will be the best place to buy this crypocurrency with your target at 20,000. As saw above, this crypto currency have a strong technical correlation to SPX 5oo and will move in the same direction during this week and even in the coming weeks.

Trade Recommendation:

Buy Bitcoin now with your target at 20,000.00

 

 

 

 

 

FreshForex cancels commissions!

The post تحليلات الاسبوع- Elliott waves for Forex correlation analysis – Deutsche Bank Bullish pin bar appeared first on forexarabicnetwork.com.

تحليلات الاسبوع- Technical Analysis Based on Breakout – Still Buying Bitcoin

Buy Bitcoin:

Technical Observation:

The most obvious thing to buy right now is this crypto currency. For the better parts of this year, Bitcoin has been in a constant up trend and chances of rising higher are highly anticipated. We expect a massive rise towards $40,000.00 by the end of next year or even higher. As it is on the daily chart, I can only recommend buying Bitcoin. If you’ve bought before, then remain long, if not you could wait for a pullback towards $10,000.00. Then buy this cryptocurrency with your sell lines being $15,000.00, $20,000.00 and ultimately $40,000.00. Selling this coin now is not a safe idea whatsoever, only buy positions seems more ideal than the other.

Trade Signal:

Buy Bitcoin toward $10,000.00.

Barclay Banky To plummet 

Wave Analysis:

Barclays back share’s price are still rallying within the the falling channel. Last week, the price gaped to the upper side  but got capped by the upper trend line acting as a resistance to the falling channel. Following the rejection from this trend line, I expect a bearish momentum towards the lower trend line but should not go beyond 8.23, where I’ll be looking for  a clear buy position. At the moment, I’m only interested in a sell position with this share. Only if the price breaks above this trend line, will I consider a buy position. On the way downwards, the key lines to look for include 9.92, 9.33 and lastly 8.84. If these lines are broken, then further decline towards 8.23 is expected. My advice, sell this share now, or wait for a pullback to the upper side then sell.

Trade Signal:

Remain short towards 8.23.

 

 MegaFon Review

Trade Observation:

For the past two months, Russians Number two Mobile operator’s shares  has been on the decline but is currently around a key daily support zone 540.2-531.7. The previous week’s candle is a reversal candle and could mean the price per value of this share could grow this week, but should not go beyond the upper trendline.  During this week, only  a buy position looks more ideal, with a stop loss below the previous week’s lowest low 522.8, and take profit along the upper trendline. As it is on the weekly chart above, only a buy position can be adviced, however, if the price breaks below 531.7, then I expect further decline towards 450.00.

Trade Signal.

Expect a bounce from 540.2-531.7 to buy this share with your take profit along the upper trendline.

 

 

 

FreshForex cancels commissions!

The post تحليلات الاسبوع- Technical Analysis Based on Breakout – Still Buying Bitcoin appeared first on forexarabicnetwork.com.

تحليلات الاسبوع- Technical Analysis Based on Breakout – Buy Bitcoin

Bitcoin Review

Technical Analysis:

Last week, Bitcoin stagnated around $8234 and is still around this zone. During last week, the last trading day, Bitcoin formed a bullish pin, just a day after there was an inside bar (on Thursday) this is s bullish set up and means this crytocurrency could continue to rise to with my next target profit set at $15,000.00. Bitcoin could stall around, $9,000.00 or even $10,000.00 before eventually rising to $15,000.00. As it is on the daily chart above, only a long position can be recommended. I expect a slight retracements to the lower side but not lower than last week’s lowest low. That said, long Bitcoin now, or wait and buy on a pullback to the lower side.

Trade Signal:

Buy Bitcoin now towards 10,000.00.

Barclays Review:

 

Technical Observation:

As I said last week, Barclays bank shares gaped higher but could not reach the upper trend line acting as a resistance to the falling channel. The price is still rallying within this channel, thus, during this week, I expect a rise to the upper side, along the resistive trend line,  where I’ll be looking for short position. My advice, if you’re not long just yet, wait for a pullback to the lower side then pick a long position with your take profit along the upper trend line. Alternatively, you could wait for a pullback towards 9.06, then buy Barclays bank shares. As at the moment,  only a long position can be recommended.

Trade Signal.

Remain long towards the upper trendline.

MegaFon Review

Technical Observation:

For the past weeks, after hitting the upper resistance trend line, this integrated Russian telecommunications operator has been declining in value but is currently heading towards a key daily support level  543.4. This is a key hurdle and unless there’s a clear close below it, I expect a bounce from this level to buy the shares of this company.  If there’s a breakout below it, then I’ll wait for a breakout below 531.2, to confirm a bearish rally towards 500.00 or even lower. A bounce from this support, may push the price to the upper side towards the upper resistance trend line. My advice, wait for a drop towards 540.3 then buy the shares of this telecommunication operator with your take profit along the upper resistance trend line.

Trade Signal.

Buy around 540.3-531.2 towards the upper trendline

 

 

 

FreshForex cancels commissions!

The post تحليلات الاسبوع- Technical Analysis Based on Breakout – Buy Bitcoin appeared first on forexarabicnetwork.com.

تحليلات الاسبوع- Elliott waves for Forex correlation analysis – Buy Ford Motor’s shares around 11.97

Ford Motors’ Weekly reviews

Wave Analysis:

After breaking above the daily support level 11.97, we saw a flat correction of the impulsive wave (1), when the impulsive wave (c), of the recent corrective three wave cycle failed to go below the daily support level 11.97. This is a flat correction scenario and as long as the price remains above 11.97, we expect this level to have marked the end of the impulsive wave (2), that the current bullish price momentum if the unfolding of the impulsive wave (3) to the upperside and may go above 12.45 during this week. The best place to buy these shares if when it gets to 11.97, with your stop loss below 11.86, and first take profit at 12.45. This view can only be invalidated in case the price clearly breaks below 11.97, if this is the case, then further decline towards 11.45 is epected.

Trade Recommendations:

Buy this share around 11.97 with your target at 12.45.

Bitcoin Weekly review

Wave Analysis:

Perfectly as previously forecasted, the impulsive wave (5) extended massively to the upperside and is still pretty much bullish,  both on the daily and the weekly charts. During this week, we expect a possible bullish price movements with an ideal atrget at 10,000.00. The previous week’s candle is perfect bullish continuation candle and means we’re still long. The anticipated bullish price rally is merely the continuation of the impulsive wave (5) and may break above 10,000.00.  This cryptocurrency has been in a constant up trend since inception and chances of rising higher are very high. It should be traded alongside other cryptocurrencies that has similar movements.

Trade Recommendations:

Remain long with your next target at 10,000.00.

DeutscheBK Weekly Review

Wave Analysis

During the past week, the shares of this bank dropped by almost 33pips and could continue to drop even further during this week. We expect this drop to be a mere corrective rally, and should not go beyond the short term daily support level 18.46 where we’ll be looking to re-buy the impulsive wave (i)  with a target at 20.98. Conservative traders could wait for a correction towards 18.46, then pick a buy trade, or wait for a break above the weekly resistance zone 20.94-20.53, then buy the impulsive wave (iii) with a target at 25.93.  According to the weekly chart, its better to wait for a correction to the lowerside then buy this share with an ultimate target at 30.75.

Trade Recommendation:

Rebuy DeutscheBK around 18.46 with your first target at 20.98 and the next target at 25.93.

 

 

FreshForex cancels commissions!

The post تحليلات الاسبوع- Elliott waves for Forex correlation analysis – Buy Ford Motor’s shares around 11.97 appeared first on forexarabicnetwork.com.

تحليلات الاسبوع- Forex Fundamental Analysis – Bitcoin and Sberbank Set Records!

The forecast for the week November 20th through November 24th:

BTC:

Bitcoin sets records! Almost every week we see Bitcoin historical high renewed. At the moment cryptocurrency capitalization reaches 129 billion dollars, which is four times higher than the one of the second popular cryptocurrency Ethereum. Now all the traders ask the same question: whether Bitcoin still has potential for the growth or not? We believe it does. There are two reasons why rates may continue to rise. First of all, there is still high demand on risk assets in the world, as indicated by VIX’s drop. Any cryptocurrency is a risk asset and depends heavily on capital flow. Second of all, American stock exchange СМЕ hasn’t started Bitcoin futures trading yet. New records are still to come in December, when start of trading will be announced. Trading signals: Buy 7550/7190 and take profit 8010.

Bitcoin and Sberbank Set Records!

Brent:

Consider going long for two reasons. First of all, investors will increase buy positions before OPEC summit, which will be held on November 30th in Vienna. On Friday oil grew by 2,2%, what is a confirmation of this theory. Market participants are waiting for the oil cartel to take new actions towards reduction of world’s oil products inventories. Second of all, at the moment we are not observing active shale oil output in USA. American companies declared that their production capacities are at the limits considering high debt burden. For oil market this is a positive signal. Trading signals: Buy 62,10/61,05 and take profit 64,53.

Bitcoin and Sberbank Set Records!

Sberbank:

Consider going long counting on continuation of uptrend. Sberbank’s nine-month earnings report surpassed all the expectations: the bank managed to earn 576 billion rubles of net profit with Bloomberg consensus forecast of 541 billion rubles. It’s worth to mention that in 2016 Sberbank earned 542 billion rubles. Therefore, new record is already set, and forth quarter of the year is yet to come. In the forth quarter the bank is planning to earn approximately 150 billion rubles. Supervisory Board of Sberbank is not planning to stop there, in December it may offer investors new development strategy for the next three years. Investors are looking forward to seeing it, as the credit institution may set high net profit levels, which will positively affect capitalization. Trading signals: Buy 225/222 and take profit 229.

Bitcoin and Sberbank Set Records!

Commission-free deposit with FreshForex

The post تحليلات الاسبوع- Forex Fundamental Analysis – Bitcoin and Sberbank Set Records! appeared first on forexarabicnetwork.com.

تحليلات الاسبوع- Technical Analysis Based on Breakout – Gold preparing to continue long

Gold preparing to continue long

Gold preparing to continue long

Technical Observation

Recently, Gold dropped in price but is still above the key daily support zone 1083.2-1080.48, unless there’s a clear bearish break below this zone, I’m waiting for a rejection from this zone to buy Gold with an ultimate take profit at 1124.37. This buy has to be confirmed by a clear rejection from 1083.2-1080.48, as it is, the commodity has been making lower highs, and may break below the supportive zone. If the price is rejected from this support zone, then the key lines on the upper side include 1102.62, 1105.67, and 1118.26.  If these lines are breached, then a rise even higher is expected. If the price should break below 1083.15, then I may consider a short position towards 1063.10.
 
Trade Signal
Wait for a buy signal above 1083.2-1080.48 to long Gold towards 1124.37
Bitcoin still to  rise
Gold preparing to continue long

Technical Observation:

recently, Bitcoin stretched higher and is still showing signs of bullish dominance, this cryptocurrency has been in a constant up trend and chances of stretching even higher is very high. I expect a break above 6070.00 towards 7000. As at the moment, only a buy position can be recommended, if the price should pullback to the lower side, then it must not go below 5485.3 where we’ll be looking for a fresh buy  signal.  On the upperside, key lines can be seen at 6070.00, 7000.20, and ultimately 10,000 buy the close of next year.
Trade Signal
Remain long towards 7000
German stock index Buy signal
Gold preparing to continue long

Technical Observation:

Since the last Monday’s forecast, this index is yet to pick any momentum to the upper side, rather, it’s still rallying above 12942.3. Unless the price clearly descends below 12942.3, I remain hesitant to short this index. Instead, I’m waiting for a decline towards 12942.3, and then a rejection to long  German Stock index towards 13000.00. Should the price go below 12942.3, then I expect further decline towards the weekly support line 12064.7 or even lower to 9279.3 or even lower. As it is, only a buy position can be recommended especially around 12942.3 with my take profit as said above, at 13000.00.
Trade signal
Look for a long position above 12942.3 towards 13000.00

FreshForex cancels commissions!

The post تحليلات الاسبوع- Technical Analysis Based on Breakout – Gold preparing to continue long appeared first on forexarabicnetwork.com.

تحليلات الاسبوع- Elliott waves for Forex correlation analysis – Weekly Review

Deutsche Bank Weekly Review.

Weekly Review

Wave Analysis

Last week, wave (i) of the impulsive wave (c) extended upwards towards the weekly resistance zone  20.53 – 20.98. This wave is expected to extend even further upwards towards this weekly resistance zone. A break above this resistance zone  will confirm a further extension of the impulsive wave (c) towards 30.75.We should be looking to buy this stock with our first target at 20.53.This upward move is valid as long as price remains above the weekly support zone 15.61 – 15.96. however if price gaps or breaks below this support zone, we will expect a downwards extension of the impulsive wave (b) instead.

Trade recommendations

Look for long positions to buy this stock towards 20.53.

 

Bit Coin Weekly Review

Weekly Review

Wave Analysis

Bit coin has been in a bullish trend after facing a sharp correction in September. Last week, the impulsive wave (5) extended upwards sharply and hit an all time high at 6099.78. This upward momentum has not shown any signs of exhaustion hence, we expect this impulsive wave (5) to extend further upwards this week. If price gaps or breaks below the weekly retracement level 3640.61, this upwards momentum may be invalidated and price could rally downwards instead. As long as price is above this retracement level, we will look for buy opportunities towards 10000.

Trade recommendations.

 

Look for long positions and buy bit coin with your target at 10000.

SP500 Weekly Review

Weekly Review

Wave analysis.

The SP500 has been in a continuous uptrend since it was registered in the NYSE. In the previous intra-day, the impulsive wave (5) extended upwards hitting a new high. This wave could extend even higher since it is not showing any signs of exhaustion. As long as price is above the daily retracement level 2544.6, we are looking to buy this index. If price breaks or gaps below this retracement level, this upward extension of the impulsive wave (5) may be invalidated and price could rally downwards forming a corrective wave (a).

Trade recommendations

 

Look for long positions and buy this index towards 2700.0

FreshForex cancels commissions!

The post تحليلات الاسبوع- Elliott waves for Forex correlation analysis – Weekly Review appeared first on forexarabicnetwork.com.

تحليلات الاسبوع- Forex Fundamental Analysis – New Heights for Gold and Oil

Forecast for the week from October 16th through October 20th:

XAU/USD:

Gold closed the previous trading week with a confident rise, and the main factors point to the tendency continuation. First of all, we are observing US dollar developing correction, which supports gold, as these two instruments have inverse relationship. Second of all, G-7 economies are experiencing increase of inflation expectations, which also gives bulls advantage in gold trading, as gold is traditionally used as inflation protection. I believe we are likely to see gold rise for four trading days and then profit taking on long positions on Friday. Trading signals: Buy 1299/1290 and take profit 1320.

New Heights for Gold and Oil

Brent:

Buy oil for two reasons. Firstly, Saudi Arabia is to reduce oil export by 0.5 million of barrels starting from November 1st, this is great news for market. Why Saudis are willing to do this? We believe it’s all the matter of upcoming IPO of Saudi Aramco, which is scheduled on 2018. In order to sell 5% of shares at high price, Saudis need high oil prices. For this reason Saudi Arabia is going to take steps to continue oil market uptrend. Secondly, USA oil inventories and output are dropping, which is positive for oil prices, as USA is the world’s largest oil products consumer. Trading signals: Buy 56,20/55,11 and take profit 57,85.

New Heights for Gold and Oil

S&P500:

American stock market is trading almost at its historical high but investors optimism is not dropping. Previous week saw the start of traditional earnings season. As usual, such banks as Citigroup, JPMorgan, BlackRock and Bank of America were the first to report the increase of revenue and net profit. This week there are several reports worth attention: Goldman Sachs, IBM, Morgan Stanley, Verizon and Procter&Gamble. Based on the strong quarterly ISM Manufacturing and Non-Manufacturing indexes data the reports listed above are likely to be positive, which will support S&P500 index. Trading signals: Buy 2552/2540 and take profit 2573.

New Heights for Gold and Oil

Commission-free deposit with FreshForex

The post تحليلات الاسبوع- Forex Fundamental Analysis – New Heights for Gold and Oil appeared first on forexarabicnetwork.com.

تحليلات الاسبوع- Technical Analysis Based on Breakout – Bitcoin could retrace further

Bitcoin Still Retracing
Bitcoin could retrace further

Technical Observation
Last week, Bitcoin recovered slightly the value it lost the previous week, but closed at 3600.97 by the end of that trading week. From this daily chart, this cryptocurrency could plummet further towards the daily support 2881.37. If this support is breached, then the price could drop towards 2092.10. My advice, after the unprecedented drop in price seen three weeks ago, its wise to remain out of any buy position. Instead, wait for further retracements towards 2881.17 to pick a long position with your take profit at 4500.00. If you’re short in forex in this cryptocurrency, you should remain short with your take profit at 2881.17.
Trade Signal
Flat
 
 
WTI Buy Signal
Bitcoin could retrace further
 
Technical Observation:
For at least three weeks in raw, Light Sweet Crude Oil Futures has been in a constant up trend and even broke out above the resistance line 50.36. Although this breakout was not done with a big green candle, the fact that this future went above 50.36 is a clear indication that the bulls are in complete domination. Following the bullish pin seen on Thursday’s daily candle, I expect a sharp rise towards the daily resistance line 60.00. If this resistance is breached, then price could rise further towards 65. This is from a bullish point of view, if a break below 50.36-50.00 is done with a big red candle, the price could plummet towards 46.00.
Technical levels:

Resistance levels
R1: 47.00
R2: 55.00
Support Levels
S1: 47.55
S2:50.00
Trade Signal.
Buy WTI around 50.36-50.00 with your take profit set at 60.00
 
 
Silver Buy 
Bitcoin could retrace further
 
Technical Observation:
Since the early parts of this month, silver has been in a constant downtrend but is currently finding it hurdle to breakout below the line 16.97. This is a key daily support line, and unless there’s a clear bearish breakout below it will a big red candle, I remain reluctant to short in this commodity. Rather, I’m waiting for a rejection from this line to buy this commodity towards 18.59. If a breakout below 16.97 is seen, then I expect the price to plummet towards 15.55. As it is, Bulls are still in absolute control, and only buy positions can be recommended towards 18.59.
Technical levels:

Resistance levels
R1: 24.84
R2: 22.01
Support Levels
S1: 15.79
S2:14.40
Trade Signal.
Wait for a rejection from 16.97 to buy silver towards 18.59 .

FreshForex cancels commissions!

The post تحليلات الاسبوع- Technical Analysis Based on Breakout – Bitcoin could retrace further appeared first on forexarabicnetwork.com.

تحليلات الاسبوع- Technical Analysis Based on Breakout – Sell French Stock Market Index

French Stock Market Index
Sell French Stock Market Index

Technical Observation:

For an extended duration of time now, almost 53 weeks now, The French Stock Market Index has been rallying  within a falling wedge formation. Averagely , this index has been in a downtrend and could plummet even further,  last week,  Tuesday’s candle sent it’s tail towards the lower trend line but got rejected. The index then rose and is currently approaching the upper trend line acting as the resistance to to the falling wedge. I’m patiently waiting for a rejection from this trend line to short this index towards 4976.5

Resistance lines
R1: 5423.6
R2: 5329.2
R3: 4594.2
Pivot Lines
5123.5
Support lines
S2:4974.2
S2:4762.3
S3:4347.2
Trade Signal
Short CAC40 now with a take profit at 4976.5.
Silver Buy Signal
Sell French Stock Market Index

Technical Observation

As I said on the previous analysis, Silver rose tremendously but is currently approaching a key resistance line 17.72. This is a key daily resistance line and will require a great for to break above, thus, unless this line is clearly breached to the upper side with a big green candle, this commodity could get rejected from this line. From the previous data, this index has been in an uptrend, and bulls could still be in control, and if the price rise above 17.72, then I’ll wait for a pullback to the just broken line to pick a long position towards 18.59

Technical Levels
Resistance Lines:
R1: 17.72
R2: 16.92
R3: 18.57
Pivot lines
17.15
Support Lines
S1: 16.90
S2: 16.25
S3: 15.51
Trade Signal
Wait for a breakout above 17.72 to buy Silver towards 18.59.
Platinum Buy Signal
Sell French Stock Market Index
Technical Observation:
Last week, Platinum broke out above a resistance  line 987.40, retraced back to it but could not penetrate below. This was the first retracement to the just broken line, I’m waiting for a second retracement to this line to pick a long position with my take profit at the next resistance 1028.55. If this resistance is broken, then I’ll wait for a retracement to the just broken line to pick a second buy trade with my take profit set at 1069.30. According to the daily chart above, long positions seems more ideal and can safely be recommended especially while the price is above
Technical Levels
Resistance lines
R1: 1043.21
R2: 1028.75
R3: 997.15
Pivot Lines
1005.00
Support lines
S2:958.57
S3:897.06
Trade Signal
Wait and buy XPTUSD around 987.4 with you take profit at 1028.55.
 

FreshForex cancels commissions!

The post تحليلات الاسبوع- Technical Analysis Based on Breakout – Sell French Stock Market Index appeared first on forexarabicnetwork.com.

Scroll To Top